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Debanking Is a Mess; States Can’t Clean It Up

Debanking happens. Sometimes, it’s unfair — sometimes, overzealous. And it is terrible when your bank shuts you down with a vague “risk policy” and a pat on the head. Before we make a law or accuse a bank of ideological warfare, let’s take a deep breath.

Maybe you’ve seen a business owner pacing outside the bank, confused after being told their account was closed “for policy reasons.” Or a nonprofit treasurer on hold, trying to explain that their group isn’t political — they sell raffle tickets and host pancake breakfasts.

Not everything unfair is a conspiracy, and not every problem is a job for the state.

Read the full story here.